Bruni J V & Co. Co. Has $35.01 Million Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Bruni J V & Co. Co. reduced its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,125 shares of the company's stock after selling 6,006 shares during the quarter. Penske Automotive Group comprises 4.3% of Bruni J V & Co. Co.'s portfolio, making the stock its 7th biggest position. Bruni J V & Co. Co. owned 0.32% of Penske Automotive Group worth $35,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PAG. Invesco Ltd. grew its position in shares of Penske Automotive Group by 164.3% during the 3rd quarter. Invesco Ltd. now owns 292,758 shares of the company's stock worth $48,908,000 after buying an additional 181,995 shares during the period. Bank of New York Mellon Corp grew its position in shares of Penske Automotive Group by 43.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 289,854 shares of the company's stock valued at $48,423,000 after purchasing an additional 87,590 shares during the period. Principal Financial Group Inc. grew its position in shares of Penske Automotive Group by 4,712.6% in the 3rd quarter. Principal Financial Group Inc. now owns 72,044 shares of the company's stock valued at $12,036,000 after purchasing an additional 70,547 shares during the period. International Assets Investment Management LLC grew its position in shares of Penske Automotive Group by 15,960.7% in the 4th quarter. International Assets Investment Management LLC now owns 66,973 shares of the company's stock valued at $10,750,000 after purchasing an additional 66,556 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Penske Automotive Group by 206.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 73,531 shares of the company's stock valued at $12,284,000 after purchasing an additional 49,544 shares during the period. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Penske Automotive Group news, Director John Barr sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total transaction of $246,480.00. Following the completion of the transaction, the director now owns 716 shares of the company's stock, valued at approximately $110,299.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director John Barr sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total transaction of $246,480.00. Following the sale, the director now owns 716 shares in the company, valued at approximately $110,299.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Greg C. Smith sold 1,604 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $149.38, for a total value of $239,605.52. Following the sale, the director now owns 51,001 shares in the company, valued at approximately $7,618,529.38. The disclosure for this sale can be found here. Insiders own 51.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America boosted their price objective on Penske Automotive Group from $175.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Morgan Stanley boosted their price objective on Penske Automotive Group from $107.00 to $115.00 and gave the company an "underweight" rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $163.20.

Penske Automotive Group Stock Up 1.4 %

NYSE:PAG traded up $2.18 during trading hours on Friday, reaching $155.63. 220,305 shares of the stock were exchanged, compared to its average volume of 196,502. Penske Automotive Group, Inc. has a twelve month low of $133.72 and a twelve month high of $180.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 0.25. The firm has a 50 day moving average of $153.25 and a 200 day moving average of $152.73. The stock has a market cap of $10.43 billion, a PE ratio of 10.05 and a beta of 1.19.

Penske Automotive Group (NYSE:PAG - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $3.45 earnings per share for the quarter, missing analysts' consensus estimates of $3.66 by ($0.21). Penske Automotive Group had a return on equity of 24.19% and a net margin of 3.57%. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $7.18 billion. During the same period last year, the company earned $4.21 EPS. The company's revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Penske Automotive Group, Inc. will post 13.8 earnings per share for the current year.

Penske Automotive Group Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.